Mechanics Archives - Generocity Philly

Mechanics

Supporters of New Market Tax Credit Program Hope for Extension results

Jan. 9, 2014 1:42 pm

Supporters of New Market Tax Credit Program Hope for Extension

The Karabots Pediatric Care Center in W. Philadelphia used NMTCs to draw investment New Market Tax Credits, established by the Community Renewal Tax Relief Act of 2000, are in danger of drying up if Congress decides not to extend the federal program. Legislation was introduced to make the credit permanent, but a push to cut […]
The Changing Face of Crowd Investment: Fundrise and Manayunk’s First Coworking Space method

Oct. 23, 2013 5:03 pm

The Changing Face of Crowd Investment: Fundrise and Manayunk’s First Coworking Space

The coworking movement has accelerated in Philadelphia. In the past year, shared work spaces have opened up for writers, metalworkers, designers, game developers and sculptors, and more are on the horizon.
Understanding the Debate Around Nonprofit Tax-Exempt Status, PA Act 55, and PILOTS method

May 10, 2013 8:00 am

Understanding the Debate Around Nonprofit Tax-Exempt Status, PA Act 55, and PILOTS

City Council Member Bill Green has proposed two bills that would impact the nonprofit sector. One would require nonprofits to file an annual report outlining their benefit to the community. The other would tax commercial activity by nonprofits that is outside of their stated mission, a classic example being a gift shop located inside a […]

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